The European Union antitrust law focuses on which of the following?
A) efficiency
B) the leveling of the competitive playing field
C) furthering the social interest
D) the means to monopolize a market
B) the leveling of the competitive playing field
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One means of enforcing a quota is to require importers to ________.
A. pay an import tax B. obtain a license C. pay a sales tax D. obtain a sales permit
Using the above figure, if the government levies a new unit tax in this market, S represents the original supply curve, and St represents the after-tax supply curve, then the after-tax price paid by consumers is the vertical distance from the origin
to A) point A. B) point B. C) somewhere between point B and point A. D) point F.
What would happen if the German economy became viewed as a less desirable place for foreign investors to put their money because of fears about the growth of the German public debt?
a. Equilibrium would not change. b. A lower quantity of financial investment would result. c. A lower interest rate would result. d. Interest rates would not change.
The law of demand says that
a. the customer is always right b. quantity supplied equals quantity demanded c. price and quantity supplied are inversely related d. price and quantity demanded are inversely related e. income and quantity demanded are directly related